Don Wilson, founder of high-speed trading firm DRW, said bitcoin derivatives trading in Asia hours is almost equal to the volume he’s seen in the U.S., something he says is an anomaly when compared to other financial instruments. Wilson discussed his observations on cryptocurrency trading trends and his view on the future for the technology. Referencing bitcoin futures trading data on U.S. exchanges provided by CME and CBOE, Wilson went so far as to suggest there may be demand for similar trading tools in Asia. He told attendees:
“If you look at the bitcoin futures data from CME and CBOE, volume in Asia hours are almost the same wth the U.S. … Whereas in like foreign exchange, even for the Japanese yen-dollar trading, volume in Asia is significantly lower.”
DRW, one of the earliest institutions that moved into cryptocurrency trading, launched Cumberland, a crypto over-the-counter trading desk in 2014, at a time when others such as Goldman Sachs and JP Morgan have yet to officially roll out similar services. Explaining the initial idea of DRW to start a crypto trading desk, Wilson said it is rooted in his belief that crypto’s decentralization feature.
“There’s the argument about bitcoin as a store of value. But, more interesting to me, is the usefulness of bitcoin. The ability of transfer values without a trust in the system is hugely disruptive,” he said.
Bitcoin of America has officially announced the newest addition to their Bitcoin ATMs (BTMs). Shiba Inu coin is now available at Bitcoin of America ATM locations. Bitcoin of America has more than 1800 BTMs across 31 states. They recognized the growing popularity of Shiba Inu and decided it was time to include it in their BTMs. Bitcoin of America also offers Bitcoin, Litecoin, and Ethereum options. This news comes after their recent addition of Dogecoin in March of this year.
Bitcoin of America is a popular virtual currency exchange registered as a money services business with the United States Department of Treasury (FinCEN)(RegNum). They are known for their top-of-the-line customer support while also providing a fast and hassle-free transaction.
Bitcoin of America makes it easy for everyday businesses to get their hands on a Bitcoin ATM and for customers to buy Bitcoin. They take care of their host locations by providing passive income, increased foot traffic, and marketing. They even handle customer support and any maintenance/installation services.
The popular operator has made many updates to its BTMs and services over the past year. They launched their universal kiosks, which operate as a traditional ATM combined with BTM functions. Bitcoin of America has created a point-of-sale system for their tablet program, which has allowed businesses to accept cryptocurrency as a new form of payment. Bitcoin of America is constantly expanding and improving its services.
Data Mynt, a leading provider of simple, stable cryptocurrency payment products, now enables payments over the Bitcoin network, which already supports roughly 225,000 transactions per day and $30 billion USD dollar equivalent volume per day worldwide (as of publishing).
Data Mynt merchants and partners join the 15,000 retailers that accept Bitcoin today, making it the world’s most widely used digital asset for payments. Retailers include Twitter, Whole Foods and Overstock.com.
Now the Data Mynt payment processing platform enables payments from any wallet and asset across the $2 trillion combined market cap (as of publishing) available to make a payment over the Bitcoin, Ethereum Mainnet and Polygon networks.
The Data Mynt payment processing solution enables merchants and enterprises to expand their payment options for their customers and partners. At the same time, it reduces payment processing costs and eliminates frictions such as chargebacks and crypto price volatility.
“As a payment processor, it only makes sense for us to enable our merchants and partners to accept what the world already accepts—the biggest cryptocurrency,” noted Data Mynt CEO Alex Christian. “Almost one-quarter of the US population owns Bitcoin. Many other countries such as Brazil, Indonesia, UAE, Singapore, Israel, India, Mexico, and South Africa have even higher adoption rates. Data Mynt merchants can feel good knowing they offer these Bitcoin owners another payment option.”
The dedicated Data Mynt global sales team began rolling out its payment platform in Q1 of 2022.
About Data Mynt
Data Mynt is a leading crypto payment processor. Its wallet, asset and blockchain-agnostic suite of solutions offer partners and merchants an omnichannel approach to accepting on-chain crypto payments free from volatility and the risks and costs of traditional payment methods. The Data Mynt payment platform is also designed to streamline implementation delivering a seamless customer experience. DataMynt.com
As we can see, the TRON network uses a Delegated Participation Proof-of-Participation consensus mechanism and its TRX tokens are fully mined, i.e. they already exist. So I have to tell you that TRON token (TRX) cannot be mined in the traditional sense of the term.
Instead, new coins are generated and verified through a staking process that does not require the use of high-performance equipment such as ASICs as in Bitcoin mining.
This means that while POW (Proof of Work) based consensus requires miners to invest in powerful hardware, DPoS (Delegated Proof of Stake) requires investment in the cryptocurrency itself.
Under this consensus mechanism, the more digital currency users bet, the greater the chance of being selected as a super representative, thereby obtaining more TRX.
TRON token or coin is a cryptocurrency based on the TRON protocol. Just like how ETH was built on the Ethereum blockchain. The TRON cryptocurrency was created as a means of credit sharing, payment and storage. Those who own TRON will have full ownership of every data they create and how that data will be distributed to their audience.
The new type of TRON mining only needs a mobile phone or a computer, and you can make money without leaving home.
TRON is the three major blockchain ecosystems jointly developed by global blockchain developers and developers, following the concept of «centralized network and decentralized network».
Cumulative 0-9,999TRX daily minimum profit of 4.2%
Accumulated 10,000-99,999 TRX daily minimum profit of 5.0%
Accumulated 100,000-499,999TRX daily minimum profit of 6.0%
Accumulated 500,000-9,999,999TRX daily minimum profit of 7.0%
Accumulated more than 10,000,000 TRX daily minimum profit of 8.0%
The minimum daily withdrawal amount is 4.2% of the principal amount. The maximum daily withdrawal amount is 8.0% of the principal.
Agency promotion (invite friends) has multiple commission income: Invite new members to successfully register: (First-level members will rebate 30TRX, second-level members will rebate 20TRX, and third-level members will rebate 10TRX)
Invite A to register for TRON, your basic account will get 30TRX reward;
A invites B to register for TRON, and your basic account will get 20TRX reward;
B invites C to register for TRON, and your basic account will be rewarded with 10TRX.
The invited members make a successful deposit: (12% of the member’s deposit amount can be obtained)
For example, A registered through your invitation link, A deposits 1000TRX, you can get 1000*12%=120TRX.
The invited members invest successfully: (rewards for successful investment of invited members: 10% rebate for first-level members, 5% for second-level members, and 3% for third-level members)
For example: A you invited has successfully invested in TRON, A has invited B to have successfully invested in TRON, and B has invited C to have successfully invested in TRON.
Invitation A has successfully invested 1000TRX, and your basic account will get 100TRX. (1000TRX*10%=100TRX)
A invites B to successfully invest 1000TRX, and your basic account will get 50TRX. (1000TRX*5%=50TRX)
B invites C to successfully invest 1000TRX, and your basic account will get 30TRX. (1000TRX*3%=30TRX)
Invite more members to visit your invitation link, you will get more commission, the commission is directly credited to your basic account, you can invest in TRON directly!
Bitcoin of America has been named a silver winner in the Company of the Year – Midwest category in Best in Biz Awards, the only independent business awards program judged each year by prominent editors and reporters from top-tier publications in North America. Bitcoin of America is a popular virtual currency exchange, registered as a money services business with the United States Department of Treasury (FinCEN)(RegNum). Apart from ensuring a fast and hassle-free transaction, their customer support makes them the best in the industry.
Bitcoin of America has demonstrated rapid growth. In June of this year, Bitcoin of America’s Chief Financial Officer reported record company growth. In January, the company had a total of 630 Bitcoin ATMs. To date, they have seen a 138.095% increase in their number of locations. They even hit a major achievement of 1500 plus BTMs. Bitcoin of America has also seen enormous growth in their number of employees. In just one year their team grew over 32 percent.
Bitcoin of America also added new products, services, and even updates to their BTMS. In May, they announced the launch of their new universal kiosk. The kiosk combines the capabilities of a traditional ATM with a Bitcoin ATM. The universal kiosk is known to offer 3 different functions. The first is the traditional ATM feature where customers can dispense cash from a debit card. The second function is being able to buy bitcoin or other cryptocurrencies with cash. The last is that customers can sell crypto in return for cash. This is huge for business owners. These universal kiosks are bringing stores additional revenue streams, while also saving floor space. They also announced that Ethereum would be available for customers to purchase from any of their locations.
Besides offering cryptocurrency services to customers, Bitcoin of America has helped hundreds of businesses across the United States. Bitcoin of America offers a host program for store owners who are interested in cryptocurrency or are just looking to earn extra income. They take care of their host locations by providing them with passive income, increased foot traffic, and marketing. They even handle customer support and any maintenance/installation services.
According to the RIA Digital Assets Council, 80% of financial advisers receive questions from clients about bitcoin, but only 8% can adequately explain digital assets. As cryptocurrency becomes more mainstream, now is the time for financial planners to build competency in this asset class. To support financial planners, the Financial Planning Association® (FPA®) and RIA Digital Assets Council (RIADAC), a digital assets educational source for financial planners, announced a strategic partnership to provide education on the application of blockchain and digital assets.
“I’m pleased FPA has this opportunity to work with RIADAC to build our members’ competency in digital assets, which will allow them to augment their knowledge and better serve clients,” says Patrick D. Mahoney, FPA chief executive officer. “As the leading membership association for CERTIFIED FINANCIAL PLANNER™ professionals, we need to be on the cutting edge of supporting our members as they look to sharpen their knowledge and build their competencies. This partnership with RIADAC is consistent with that objective.”
FPA and RIADAC will provide educational programming and a wide range of content to help FPA members understand the complexities of cryptocurriencies and provide expert advice on how this transformational asset class can impact their clients’ financial plans. As an FPA partner, RIADAC’s educational content and thought leadership will be available to FPA members through a variety of channels:
RIA Digital Assets Council Certificate in Blockchain and Digital Assets: FPA members will receive a 50% discount when enrolling in RIADAC’s certificate program that provides financial planners practical literacy on blockchain and digital assets and introduces available options for a firm’s investment management strategy. The inaugural class debuts on Apr. 30, 2021.
FPA Blockchain & Digital Assets Community: FPA members will engage with dynamic guests and thought leaders from RIADAC in virtual, interactive discussions and exchange ideas with peers in the FPA Connect Blockchain & Digital Assets community.
Journal of Financial Planning: RIADAC will regularly contribute thought leadership content to help financial planners understand blockchain and digital assets in FPA’s flagship publication, the Journal of Financial Planning.
FPA Annual Conference: Ric Edelman, founder of RIADAC, will present an informative session on blockchain and digital assets at the FPA Annual Conference in Columbus, Ohio, Sept. 22-24, 2021.
“Gaining vital knowledge about this new asset class will help financial planners attract more clients and serve them better,” said RIADAC Founder Ric Edelman. “We’re honored to be partnering with FPA to help financial planners who are committed to serving their clients’ best interests.”
“Ric Edelman is known and recognized throughout financial services and his work to bring blockchain and digital assets education and awareness to the financial advisory community is commendable. I am pleased FPA members will have this opportunity to learn from Ric and his team at RIADAC,” says 2021 FPA President Skip Schweiss, CFP®, AIF®.
Over the coming months, FPA and RIADAC will explore additional educational initiatives and thought leadership programs that can benefit FPA members, their clients and the broader financial planning community.
Bitcoin Association, the Switzerland-based global industry organisation that works to advance business with the Bitcoin SV blockchain, today announces the official launch of the Introduction to Bitcoin Development course at Bitcoin SV Academy. The course is available free of charge and can be accessed from today at http://bitcoinsv.academy.
Introduction to Bitcoin Development is part of the Bitcoin Development stream of Bitcoin SV Academy and has been designed to equip application developers with the skills, tools and techniques required to build applications on the Bitcoin SV network. The course covers Bitcoin as a data protocol – including reading, writing and advanced functionalities with the Bitcoin ledger, payment protocols, token protocols and smart contracts. At the conclusion of the course, participants will be tested on their knowledge through an online examination, with a course certificate available upon successful completion for those who have demonstrated proficiency and understanding of the subject matter.
Bitcoin SV Academy is an online education platform for Bitcoin which offers academia-quality, university-style courses and learning materials in three distinct streams, Bitcoin Theory, Bitcoin Development and Bitcoin Infrastructure. Developed and run by Bitcoin Association, Bitcoin SV Academy has been created to make learning about Bitcoin – the way creator Satoshi Nakamoto designed it – accessible, accurate and understandable.
The launch of Introduction to Bitcoin Development today follows the successful rollout of Introduction to Bitcoin Theory – the first course to be launched on Bitcoin SV Academy – in December 2020. Later this year, the first module in the Bitcoin Infrastructure stream Introduction to Bitcoin Infrastructure is due to launch, followed by intermediate and advanced level courses across the three streams.